Seeking Alpha

Johnson & Johnson (JNJ) has recalled more than 157K surgical stapler devices and accessories...

Johnson & Johnson (JNJ) has recalled more than 157K surgical stapler devices and accessories used in hemorrhoid treatment procedures due to potential malfunctions that pose a serious safety risk. The FDA says use of the recalled devices could cause serious adverse health consequences, including death. The agency assigned its most serious classification, Class 1, to the recall last week.
Comments (7)
  • wyostocks
    , contributor
    Comments (8226) | Send Message
    Another recall from J & J?
    29 Oct 2012, 01:55 PM Reply Like
  • Artaqq
    , contributor
    Comments (108) | Send Message
    Hemorrhoid treatment, eh? Hmm....
    29 Oct 2012, 01:59 PM Reply Like
  • Larry Smith
    , contributor
    Comments (2508) | Send Message
    Another reason I do not own JNJ. First the recall, then the lawsuits.
    29 Oct 2012, 02:05 PM Reply Like
  • chopchop0
    , contributor
    Comments (3526) | Send Message
    Yet interestingly, it hit multi-year highs recently. A testament to its moat I think
    29 Oct 2012, 03:43 PM Reply Like
  • SteveTheHawk
    , contributor
    Comments (1390) | Send Message
    This is getting really annoying. JNJ is one of the oldest holdings in our portfolio. If this kind of thing keeps up, it's going to become a former holding.
    29 Oct 2012, 02:55 PM Reply Like
  • Dividend Garden
    , contributor
    Comments (445) | Send Message
    Same here, Steve. Recalls & lawsuits seem to be a monthly occurance for JNJ.
    29 Oct 2012, 03:13 PM Reply Like
  • Old Trader
    , contributor
    Comments (5726) | Send Message
    I have to agree with SteveTheHawk, and DividendGarden, above. Have held JNJ for a number of years, but am starting to think that it's time to take a long, hard look at the position.
    29 Oct 2012, 06:22 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector